advertisment
 Home » Sukuk.net wire  

Tabreed Repays 735-Million Dirham Islamic Bonds Maturing Today

20/07/2011 08:23:10 AM GMT   Comments ()     Add a comment   Print     E-mail to friend

//this script is for the story image lightbox $(".thumbnail_container > a[rel]").overlay({ mask:'#333', effect: 'default', onBeforeLoad: function(){ $('#container').addClass('overlay_open'); $('.overlay_container').addClass('overlay_open'); }, onClose: function(){ $('#container').removeClass('overlay_open'); $('.overlay_container').removeClass('overlay_open'); } });

National Central Cooling Co., known as Tabreed, said it repaid a 735 million-dirham sukuk ($200 million) that matures today.

“The repayment of the 2006 sukuk today was contemplated in our structuring of the recapitalization program and improves the company’s overall financial position,” Chairman Waleed Al Mokarrab Al Muhairi said in a statement to Dubai bourse today. “The strong capital structure that was put in place with the recapitalization program underpins Tabreed’s long-term growth potential.”


Sukuk.me Wire External Story - Read full article here

Sukuk.me is not responsible for the content of external internet sites

Source:

Loading comments ...
advertisment
advertisment


 Regional Sites

Regions Most Popular

- Al Arabiya

Islamic

- Islam Online
- Muslims
- Muslim Heritage
- 1001 Inventions

Regional News

- The National
- Qatar Morning Post
- Al Hayat
- Daily Bahrain
- Arab News
- Daily Saudi
- Emirate Times
- Saudi Arabia Telegraph
- Saudi Arabia Herlad
- Emirates Tribune

Business

- Sukuk
- Islamic Finance
- alJazeera Capital
- Middle East Forex
- Gulf Money
- Khaleej Forex
- Arabian Forex
- Al Arabiya Forex
- Emirates Finance Network
- Middle East Education

Middle East Vacancies

- Jobs in Saudi Arabia
- Jobs in Qatar
- Jobs in Abu Dhabi, UAE
- Jobs in Kuwait
- Jobs in Bahrain
- Jobs in Oman

Regional Marketing

- Marketing in Middle East
- UAE Marketing
- Qatar Advertising
- Kuwait Marketing
- Oman Advertising
- Bahrain Marketing
- Saudi Arabia Advertising
- Dubai Advertising